General Mills, Inc. Stock Forecast

General Mills, Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 23, 2024)

GRM.DE Signals & Forecast

There are few to no technical positive signals at the moment. The General Mills, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 65.01€ and 64.95€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for General Mills, Inc. stock

General Mills, Inc. finds support from accumulated volume at 62.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.96€ between high and low, or 1.50%. For the last week the stock has had daily average volatility of 0.93%

Our recommended stop-loss: 60.99€ (-4.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (GRM.DE) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect General Mills, Inc. to open at 64.35€, and during the day (based on 14 day Average True Range), to move between 63.24€ and 64.82€, which gives a possible trading interval of +/-0.792€ (+/-1.24%) up or down from last closing price. If General Mills, Inc. takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 64.26€ (0.36%) than the support at 62.90€ (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is General Mills, Inc. stock A Buy?

General Mills, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.406 Hold/Accumulate Upgraded

Predicted Opening Price for General Mills, Inc. of Friday, May 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.